By Laura Mandaro, MarketWatch
Last Update: 7:11 PM ET Aug 30, 2007
SAN FRANCISCO (MarketWatch) -- ITT Corp. will tackle the first part of upgrading the nation's stretched and aging air-traffic control system under a newly awarded contract worth up to $1.8 billion, said the Federal Aviation Administration late Thursday.
Defense electronics-maker() ITT to win the 18-year contract.
The White Plains, N.Y. company will craft the keystone technology for the FAA's next-generation air control system, which will use satellites instead of the current radar system to pinpoint aircraft locations.
ITT's initial, three-year contract is worth $207 million but nearly $2 billion if all options are exercised.
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The nation's 1950's-era system of managing flight landings and take-offs has garnered much of the blame for a recent rise in flight delays. The airline industry has urged Congress to change the way it charges the air system's users to pay for the system's overhaul.
"This signals a new era of air traffic control," said FAA Deputy Administrator Bobby Sturgell in a statement. The FAA's planned modernization of the system "will attack the delay problem head on by dramatically increasing air traffic efficiency."
ITT and its team will install a national network of ground stations and the technology that will allow aircraft to send and receive information about location of other aircraft, in graphic form and trasmitted via satellites.
That system, named the ADS-B, or Automatic Dependent Surveillance-Broadcast, will be nearly 10 times more accurate than radar, says the FAA. And the use of satellites cuts down transmission time to one second from 5 to 10 seconds using radar.
ITT's team must have the system ready for use by 2010 and networked across the nation by 2013, said the FAA.
Shares in ITT fell 0.3% by the close of trading Thursday. Lockheed shares lost 0.7%, while Raytheon shares jumped 1.2%. [I]Laura Mandaro is a reporter for MarketWatch in San Francisco.[/I]
[I]And now, the rest of the story...[U]Make sure to check this out![/U][/I]
[URL]http://www.airsport-corp.com/adsb2.htm[/URL]
[I]I think we all need to educate ourselves a bit on this one. Not having a voice in how data is structured and transmitted, could cost lives. [B]ADS-B could threaten the safety of the flying public; pilots, passengers, and family members.[/B] [/I]
[I]Too much information is not a good thing.[/I]
Last Update: 7:11 PM ET Aug 30, 2007
SAN FRANCISCO (MarketWatch) -- ITT Corp. will tackle the first part of upgrading the nation's stretched and aging air-traffic control system under a newly awarded contract worth up to $1.8 billion, said the Federal Aviation Administration late Thursday.
Defense electronics-maker() ITT to win the 18-year contract.
The White Plains, N.Y. company will craft the keystone technology for the FAA's next-generation air control system, which will use satellites instead of the current radar system to pinpoint aircraft locations.
ITT's initial, three-year contract is worth $207 million but nearly $2 billion if all options are exercised.
[]
The nation's 1950's-era system of managing flight landings and take-offs has garnered much of the blame for a recent rise in flight delays. The airline industry has urged Congress to change the way it charges the air system's users to pay for the system's overhaul.
"This signals a new era of air traffic control," said FAA Deputy Administrator Bobby Sturgell in a statement. The FAA's planned modernization of the system "will attack the delay problem head on by dramatically increasing air traffic efficiency."
ITT and its team will install a national network of ground stations and the technology that will allow aircraft to send and receive information about location of other aircraft, in graphic form and trasmitted via satellites.
That system, named the ADS-B, or Automatic Dependent Surveillance-Broadcast, will be nearly 10 times more accurate than radar, says the FAA. And the use of satellites cuts down transmission time to one second from 5 to 10 seconds using radar.
ITT's team must have the system ready for use by 2010 and networked across the nation by 2013, said the FAA.
Shares in ITT fell 0.3% by the close of trading Thursday. Lockheed shares lost 0.7%, while Raytheon shares jumped 1.2%. [I]Laura Mandaro is a reporter for MarketWatch in San Francisco.[/I]
[I]And now, the rest of the story...[U]Make sure to check this out![/U][/I]
[URL]http://www.airsport-corp.com/adsb2.htm[/URL]
[I]I think we all need to educate ourselves a bit on this one. Not having a voice in how data is structured and transmitted, could cost lives. [B]ADS-B could threaten the safety of the flying public; pilots, passengers, and family members.[/B] [/I]
[I]Too much information is not a good thing.[/I]